I visited this exhibition on the very first day, there was an impressive display of equipments
|Vivek Kapoor President LMAI|
segment continues to grow and drive large volumes. This segment has more or less become the forte of the lower end label printers. However given the nature of the jobs and the volumes, there is very low margin. All said and done, the market for labels continues to grow steadily in India due to the huge population and its big and emerging literate manpower which is finding employment and will have disposable incomes to spend, increasing the spectrum of retail on the shop shelves. Growth in demands in labels is imperative. On interaction with leading printers I find that there is a general perception, that while the capacity is on the increase, the growth in demand in terms of percentage, seems to have slowed down considerably. What was supposed to have been growing at over 20% some years ago and stabilized to 15% in last couple of years, now seems to have come trickling down to less than 10% or even less to single digit growth in the last couple of years.